Ecolab Agrees to Acquire Georgia-Pacific Paper Chemicals Business

Transaction planned to expand Ecolab’s offerings for the paper industry

September 29, 2017

ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc., the global leader in water, hygiene and energy technologies
and services has signed an agreement to acquire the paper chemicals
business from Georgia-Pacific. This business supplies differentiated
products and applications that provide strength, softness and durability
to paper. These products and applications will enhance Ecolab’s position
in the growing Tissue and Towel, as well as the Packaging and Board
segments of the paper industry.The business had 2016 revenues of
approximately $43 million. The transaction is expected to be completed
before the end of the year subject to customary closing conditions.
Terms of the transaction were not disclosed.

The acquisition will expand the paper industry offerings of Ecolab’s
Paper business, which provides innovative chemistries and solutions, to
help producers improve their efficiency, water and energy savings,
product quality, and profitability.

“This acquisition will enable us to provide additional value to our
customers who strive to produce higher-quality paper more efficiently
while preserving natural resources,” said Christophe Beck, executive
vice president and president, Nalco Water, Ecolab’s water management
business. “The chemistries gained through this transaction will
complement our existing solutions and provide greater opportunity to
customize end-to-end programs that meet the needs of our customers.”

“We believe this sale to a global industry leader like Ecolab’s Nalco
Water will be in the best interest of our customers and stakeholders,”
said Rick Urschel, president, Georgia-Pacific Chemicals.

About EcolabA trusted partner at more than one million
customer locations, Ecolab (ECL) is the global leader in water, hygiene
and energy technologies and services that protect people and vital
resources. With 2016 sales of $13 billion and 48,000 associates, Ecolab
delivers comprehensive solutions and on-site service to promote safe
food, maintain clean environments, optimise water and energy use, and
improve operational efficiencies for customers in the food, healthcare,
energy, hospitality and industrial markets in more than 170 countries
around the world. Follow us on Twitter @ecolab,
Facebook at facebook.com/ecolab,
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or Instagram at Ecolab
Inc.

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